Dow Down Six of Last Seven Sessions

11/16/2012 10:19AM

Barrons.com Fund Columnist Brendan Conway joins the News Hub to preview the Friday markets; The Dow has been down six of the last seven sessions, Hostess liquidates after strike, and the White House talks 'Fiscal Cliff.' Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... first of all Dow ... is down six the last seven sessions liked how was it we are we looking to maybe come back from that's ... today ... Sea yes possibly that just a key off your last conversation ... when their Wall Street Journal headline hit ... right we all knew that you know it's it's somewhat the White House's come out with its plain you saw the futures turned right around the were negative earlier ... now they're slightly positive ... I think that tells you that this is a market ... that is just watching Washington so closely right now ... I'm ... down is slick and slid as more investors are looking at you know tax increases ... on ... the chance of major cuts having an impact in GDP ... I'm ... this morning maybe a little bit of Ray of light their traders betting that some think of something that could happen certainly that only who's been negative ... it's all about Washington is amazing is is taking a nice surprise to anybody really expected him wasn't any kicked down the road ... cannot ... I think what it is is ... trade trader shirt know it's coming but the debt that the market is going to wait and they know that Washington is going to leave everything to the last minute ... and so people were saying one we just keep enjoying this rally as long as it ... was when we see other folks selling that's going on in Apple right now you see other folks selling ... than where it is now ... in Apple's UGA game is now under thirty percent which is astounding given that it was up more than seventy earlier this year crazy now and a ... different different news hostess is ... going into liquidation that's right that's right another another tough ... tough I'm there for folks to follow the weekly jobless claims ... on ... the company says is to have to lay off most of its eighteen thousand five hundred workers this of course is Twinkies and wonder bread and some other iconic work very well known brands yet company that traces its roots back to nineteen twenty seven ... I think in this case the union miscalculated because this is a company that has me these threats before ... and not made good on them ... this time it just didn't work out and as of this morning they say they're going ago in a liquidation sale tough news for auto workers into